Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 5/19/2019

Are you thinking about buying a townhouse or condominium? There are some notable differences between a townhouse and a condo that you must know before choosing. Understanding them will enable you to decide on the one to go for, whether a condominium or a townhouse. 

Townhouse 

A townhouse is a tenant-owned conjoined unit. They are structured architecturally like row houses where owners share one or more walls. 

Condominium 

A condominium is also known as a condo. It is a building or collection of buildings in which individuals own different units instead of a landlord. 

Having defined a condominium and a townhouse, letís take a look at some factors you need to take into consideration when selecting one between the two. Here are the differences between a condo and a townhouse. 

Ownership

When it comes to ownership, condo owners own the unitís interior only. All other areas of the building belong to the Homeowners Association (HOA). On the other hand, most townhouse owners own both the interior and the exteriors of their units. The exterior includes the lawn and driveway. 

Architecture 

Architecturally, condominiums are versatile. They come in diverse styles. Condo may be part of a cul-de-sac of cottages or part of a high-rise. Townhomes exist in rows; therefore, tenants usually share at least a wall. Townhouses can have two or more stories. 

Community

Condominiums have a focus on communal living facilities like a pool, golf course, clubhouse, and other similar amenities. Some townhouses feature the same kind of amenities as condominiums while others do not. 

Size

Condos come in diverse sizes and styles, and they are generally smaller when compared with townhouses. Townhouses are usually much more substantial than condos.

Maintenance Fees 

Condo owners pay a maintenance fee that is higher than of townhouses. The charges go towards repairing the exterior and community space. Townhouse owners pay an owner maintenance fee monthly. 

Privacy

Condominium could be an apartment-style unit or individual private homes depending on the styles while townhomes share at least one wall with adjacent units. Townhouse does not have units below or above them. 

Home Insurance 

Rates For condominium owners, home insurance rates are lower owners insured the interior of their units only. Insurance rates may be higher in townhouses because the insurance must cover both the interior and exterior of the units.

Choosing which is right for you between a condo and townhouse depends on your family, budget and long-term plans. Contact your realtor today to discuss what option suits you best and how to prepare for it.




Tags: Real estate   Condo   townhouse  
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Posted by Thomas Murphy on 5/12/2019

If you plan to sell your house in the near future, now may be a great time to host a garage sale. That way, you can get rid of excess items, declutter your house and earn extra cash at the same time.

Ultimately, hosting a successful garage sale can be easy Ė here are three best practices to help you get ready for a garage sale.

1. Organize Your Inventory

A garage sale provides an excellent opportunity to sell a broad range of items Ė everything from kitchen appliances to gym equipment. As such, you'll want to sort through your belongings and separate must-keep items from those you can live without.

Organize belongings based on where they go in a home Ė you'll be glad you did. This will enable you to plan ahead for how you'll showcase various items during your garage sale.

Moreover, if you find some items are no longer usable, you should get rid of them altogether. Dispose of any damaged items, and you can immediately remove clutter from your residence.

2. Price Your Items Competitively

One person's junk is another person's treasure, and if you understand the true value of your belongings, you'll be able to price them competitively during a garage sale.

If you plan to sell electronics, jewelry or other high-end items at your garage sale, it often pays to perform research to learn about the true value of these items. Performing an online search of an item will help you see how various sellers around the globe are pricing the same item. Or, you can always contact local retailers directly for expert pricing insights as well.

In addition, consider the age and condition of an item before you price it. If an item looks brand new and performs great, you may be able to earn a significant profit from it. On the other hand, if an item shows signs of aging, you may want to lower your pricing expectations.

3. Promote Your Garage Sale to the Right Audience

Create flyers that you can post around your neighborhood to promote your garage sale. These flyers should include information about the date, time and location of your garage sale, thereby making it easy for those who see the flyers to find your event.

Don't forget to post details about your garage sale online too. Share information about your garage sale with family members and friends on social networks, and you should no trouble stirring up plenty of interest in your event.

Lastly, if you're planning to sell your house and need help getting your residence show-ready, you may want to consult with a real estate agent.

A real estate agent can offer expert tips to help you declutter your residence and ensure that your house is an attractive option to homebuyers. Furthermore, a real estate agent may even be able to help you prep for a garage sale, increasing the likelihood that you can make this event an instant success.




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Posted by Thomas Murphy on 5/5/2019

A common problem among homeowners is the reality that life is unpredictable. There are so many things and so many issues that may come along the way. Owning a house can be both an asset and a liability if it does not get done right. 

Can I Sell My Property Even If It Is On Mortgage? 

Yes, you may sell your property even if it is on the mortgage. 

You may opt to sell it because you got your best luck and you are moving before the end of the original mortgage contract.

You may also decide to sell if you own a property, but you are going through some financial difficulty, you may either refinance your home and make use of the equity or sell your house and downgrade to a smaller one or lease an apartment. We have all been there, and the truth of the matter is that every person who has come face to face with financial difficulty should have a guide on how they can go about selling the property. 

How To Sell Your Property On Mortgage

The following are the steps to take:

1. Meet with a professional real estate listing agent. Tell them your situation and they will help you find out your current mortgage payoff. Once this information is available, you will figure out the following items:

- Your current borrowing situation;

- How much your asking price needs to be for you to be able to pay off the remaining loan balance; and...

- The probability of making some money out of the sale.

2. Once you have all the information, the real estate agent can go ahead and make a sale. Afterward, you get to discuss how you are going to get some value off the purchase.

What If The Property Value Is Less Than What I Owe? 

If you owe more than what you are going to make from the sale, you can talk to a bank to make a short sale. You can read more about that in this article.

Final Word

You can follow the above steps and sell your property even if it is on the mortgage. It will take maturity to handle a financial difficulty that forces your hand to sell your house, even if it is not yours yet. It also takes a lot of luck to be able to move to a more prominent place long before you paid off your last mortgage. What matters at this point is to contact a real estate agent and help you get through with the sale without any glitches.




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Posted by Thomas Murphy on 4/28/2019

Are you concerned about what ingredients are in your cleaning products? If you find yourself getting headaches, sinus infections, or skin rashes, your household cleaning products could be making you sick. Many household cleaning products contain thousands of toxic chemicals that can negatively affect you and your family's health. By switching to products free of toxins, your health can significantly improve.

Whatís in your cleaning products?

Many household cleaning lines contain harmful chemicals such as formaldehyde, arsenic, phosphates, naphthalene, and parabens. Chemicals like these have been linked to serious health concerns such as cancer, birth defects, allergies, asthma, and infertility. Make the switch to non-toxic cleaning products by checking your cleaning bottles and disposing of anything that presents itself as toxic. Switching to a greener lifestyle will not only improve your health but give yourself peace of mind. Stop worrying about kids and pets accidentally ingesting ingredients that can hurt them. By swapping your current cleaning materials for greener ones, you'll be confident that your family will be safe no matter what.

Greener cleaning.

The first step to getting a greener clean is ridding your household of its current hazardous products. Research your current cleaning ingredients to search for hidden toxins. Switch out your old toxic products for brands that use only natural components such as Honest, Method, and Mrs. Meyers. There are many more brands of green cleaning products, so find the one you like best. 

Make it yourself!

The best way to know what's going in your home is by making your own cleaning products. Use all natural materials such as vinegar, baking soda, castile soap, and peroxide to get a healthier clean. Add these items to a spray bottle for convenient cleaning on the go. Another benefit of going natural is that it's much cheaper. Save your budget potentially hundreds of dollars a year by transitioning to natural ingredients that are probably already in your pantry.

The health difference. 

There are many notable benefits to making the switch to natural household products.

- You can ensure the safety of your children and pets.

- Keep the air you breath free of harmful chemicals.

- Save money.

- Help the environment by keeping your water source free of toxins.

Health is the main reason why you should swap toxic chemicals for safe cleaning products. Start your evaluation of what's in your home today. Ask your neighbors to join your effort to be confident that your water supply is free of harmful chemicals.




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Posted by Thomas Murphy on 4/21/2019

If youíre in the market to buy a home, you have a lot of options. Do you want to buy a fixer-upper? Should you get a home close to the city or nestled in the suburbs? How much can you spend on a home to get the amount of space youíll need for you and your family. There are so many variables that exist in the decision to buy a house.


One thing that many buyers want but arenít sure of is the concept of a ďmove-in-readyĒ home. Sometimes, move-in-ready means that a home is brand spanking new. There should be no work in the house that needs to be done because everything is installed new during construction. As soon as construction is completed, you should be able to move right into the home. 


Other homes that are deemed ready to move right in are those that are relatively new and have very little work to do. If a home has a roof thatís caving in, itís not move-in-ready. If a home needs paint, itís a sure bet that you can move right in. You may just need a bit of elbow grease in some of these situations. Itís your job to let your real estate agent know what you are looking for and what your budget is. Read on to discover the benefits of buying a move-in-ready home. 


You Can Enjoy It ASAP


It takes a lot of work and a lot of cash up front to buy a home. You want to enjoy the fruits of your labor sooner rather than later. If you buy a home that needs little to no work, youíll be able to enjoy it sooner. Thereís no waiting period to move in when you buy a house thatís in excellent condition. You can just start living.


New Upgrades


If you buy a home that you can move right into, you will often get things that are trending at the moment. The best of appliances, technology, and security are just some of the benefits that youíll be able to enjoy when you buy a home that doesnít need a lot of work. 


Good Location


Many times, youíll find move-in-ready homes in great locations. These homes will also give you a great resale value once you head to sell the house in the future.


Motivated Sellers


Whether you buy a brand new home or a home that has been upgraded, these sellers are often very motivated. Builders want to get paid for the work they have done. Sellers of upgraded homes wish to get their homes off of their hands and get a return on their investment.


Finding a move-in-ready home may take some time, but the benefits are definitely worth it.          




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